IHT business property relief: The ‘binding contract’ trap – A potential pitfall for business owners in relation to claims for a valuable inheritance tax relief, and a possible solution

IHT business property relief: The ‘binding contract’ trap – A potential pitfall for business owners in relation to claims for a valuable inheritance tax relief, and a possible solution

Business property relief (BPR) is an extremely valuable relief from inheritance tax (IHT). It potentially provides relief at 100% (or 50%) on various types of ‘relevant business property’. For example, BPR at 100% can apply to a business or an interest in a business, and to shares in an unquoted company. However, BPR is subject. Read more

Tax tribunals: In at the deep end? Some pointers from tax barristers for tax advisers who are new or inexperienced in representing their clients in First-tier Tribunal hearings

Tax tribunals: In at the deep end? Some pointers from tax barristers for tax advisers who are new or inexperienced in representing their clients in First-tier Tribunal hearings

A substantial amount of my time as a tax adviser is spent reading tax cases. Keeping abreast of court and tribunal decisions is a necessary and vital part of my work. Actually, anyone involved in tax to any significant extent needs to be aware of new developments, including judgments which change the prevailing interpretation of. Read more

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